Tuesday, July 29, 2014 4:46PM CDT
A labor dispute in Washington State has led to the shutdown of a grain terminal because the company can no longer get state or federal grain inspectors to cross a picket line without law-enforcement escorts. More than 20 ag groups have written USDA Secretary Tom Vilsack expressing concerns about the precedent being set over the disruption of inspection and weighing services.
Corn is lower at 6 a.m. (CT); soybeans are lower; wheat is higher.
Live and feeder contracts are likely to open some higher as traders cautiously await the development of feedlot cash. Lean hog futures should begin moderately lower, checked by spillover selling and uninspiring fundamentals.